Tech Biz Roundup: Vodafone Reorganizes EUROPE, Apple Redoes Its iTUNES STORE
Amazon (NASDAQ:AMZN) is said to be readying the intro of tools that will facilitate developers, as they add social features to games for the Kindle Fire. Inside sources believe that the e-commerce major is attempting to shrink other firms’ tablet leads.
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Vodafone (NASDAQ:VOD) is currently reshaping its European operations into two groups: Northern and Central Europe, and Southern Europe. The CEO of the north central division will be Philipp Humm (ex-T-Mobile USA), and heading the southern group will be Paolo Bertoluzzo, who will also remain CEO of Vodafone Italy.
AOL (NYSE:AOL) shares spike then fall back, following word of its anticipated stock repurchase, which will be payed for with proceeds its $1.056 billion Microsoft patent windfall. The transactions will be in the form of a $400 million Dutch auction tender offer, that operates in a price range between $27 and $30, which will be valid through August 2. AOL sya that the move is only the first step in the process of returning all of the patent gains to its shareholders.
Apple (NASDAQ:AAPL) is said to be poised for a major reconfiguration of its iTunes music/video store. Nuances will likely include tighter iCloud, Facebook, and Twitter integration, better management of file, and the ability to listen to songs shared by friends for free, through new studio agreements. Also reported is that music studios are pressuring the company to offer a Spotify-like subscription service, but that is going nowhere so far.
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